Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/128574
Authors: 
Le, Thai-ha
Kim, Jungsuk
Lee, Minsoo
Year of Publication: 
2015
Series/Report no.: 
ADB Economics Working Paper Series 452
Abstract: 
We examine the determinants of financial development in Asia and the Pacific from 1995 to 2011. To do so, we apply the dynamic generalized method of moments to a panel data set of 26 economies in the region. We find that better governance and institutional quality foster financial development in developing economies while economic growth and trade openness are key determinants of financial depth in developed economies.
Subjects: 
Asia and the Pacific
economic growth
financial development
governance and institutionalquality
panel data analysis
trade openness
JEL: 
G10
G20
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/3.0/igo/
Document Type: 
Working Paper

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